Penney’s New Strategy Begins to Hit Vendors

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Overview

J.C. Penney Co. Inc.’s reinvention is pinching the vendor community. Both The Jones Group and Iconix Brand Group posted first-quarter results that reflected lower sales due in part to Penney’s makeover.SEE LIST BELOW FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Out and about during Milan Design Week.

Fashion Features

They Are Wearing: Milan Design Week

Eyes were on more than the furniture at the city’s annual Salone Internazionale del Mobile.

clock April 25, 2012Alessandra Turra

Financial

Zegna Sews Up Record Results, Expands in Asia

Profits increase 92 percent in 2011 as sales climb 17 percent.

clock April 25, 2012Samantha Conti

Wes Card

Business Features

J.C. Penney’s New Strategy Begins to Hit Vendors

The Jones Group and Iconix both posted lower revenues in the quarter, citing in part the impact of changes made by the retailer as it undergoes its makeover.

clock April 25, 2012Vicki M. Young

François-Henri Pinault

Financial

PPR Revenues Rise 15.4% in Qtr.

The luxury division, which includes such brands as Gucci, Yves Saint Laurent and Bottega Veneta, posted a 29.1 percent sales increase.

clock April 25, 2012Joelle Diderich and Katya Foreman

Alexis Mabille

Designer and Luxury

Singapore Spotlights Men’s Fashion Week

Of the 328 brands that applied to show their fall collections at the event, 18 were selected.

clock April 25, 2012Kristiano Ang

The Duke and Duchess of Cambridge arriving to the U.K. premiere of "African Cats."

Fashion Scoops

William and Kate on the Red Carpet

The royal couple attended the UK premiere of the nature documentary “African Cats” on Wednesday night.

clock April 25, 2012Samantha Conti

Alistair Carr

Designer and Luxury

Alistair Carr Exits Pringle of Scotland

Going forward the collection will be designed by the existing in-house team.

clock April 25, 2012Samantha Conti

A view of the Jimmy Choo store.

Designer and Luxury

Jimmy Choo Unveils New Store Format

The 1,372-square-foot unit in Hong Kong’s Elements Mall is the brand’s first to house both men’s and women’s collections.

clock April 25, 2012Nina Jones

Retail

AHALife Lands $10.1 Million in Funding

The cash infusion was led by Japan’s largest e-commerce company, Rakuten.

clock April 25, 2012Rachel Strugatz

Government and Trade

Scope of Wal-Mart Probe Expands

Lawmakers seek documents from two lobbying groups that have or have had Wal-Mart executives on their boards.

clock April 25, 2012Kristi Ellis and Evan Clark

A Goodale look from JackThreads.

Retail

JackThreads Launches Private Label

There are 20 items in the flash-sale site’s first Goodale collection, with price points between $30 and $60.

clock April 26, 2012Vicki M. Young

Fall Burgundy looks.

Fashion Features

Men’s Wear Trend: Berry Good

After seasons of indulging in explosive bright hues, for fall, designers are introducing burgundy as the ultimate palette cleanser.

clock April 26, 2012Alex Badia

Carey Mulligan

Media

Costume Institute to Live-stream Red Carpet

Vogue.com, Amazon.com and Metmuseum.org will feature live coverage of celebrity arrivals at the Costume Institute Benefit on May 7.

clock April 26, 2012Marc Karimzadeh

A look at the Hudson + Broad's Large LED Square Created For J.C. Penney's "Fair and Square."

Retail

Penney’s Sued Over ‘Fair and Square’ Design

Hudson + Broad, a visual merchandising and branding firm, filed a lawsuit against the retailer in Manhattan’s U.S. District Court.

clock April 26, 2012Sharon Edelson

Heidi Klum

Fashion Features

Heidi Klum’s Project Nursery

The star of “Project Runway” and mom of four is partnering with Babies ‘R’ Us on a new baby collection launching in September.

clock April 26, 2012David Moin

Retail

JP Selects Strikes Partnership With Xiu.com

The e-commerce site devoted to sustainable and ethical brands has teamed up with China’s leading luxury and fashion shopping site.

clock April 26, 2012Lisa Lockwood

Amy Poehler and Hillary Clinton

Media

Time Magazine Hosts Gala for Time 100 List

On Tuesday night, the names came down the red carpet, as usual, in pairs: Claire Danes in Lanvin. Tilda Swinton in Celine. Kristen Wiig in Stella McCartney.

clock April 26, 2012Allan Kustanovich

Fashion Scoops

Christian Louboutin’s Cinderella Moment

In honor of Walt Disney’s rerelease of “Cinderella” on Blu-ray and DVD, the designer will create his own interpretation of the infamous glass slipper.

clock April 26, 2012Rachel Strugatz

Fashion Scoops

PPR in Talks to Relocate Corporate Headquarters

According to sources, the retail-to-luxury group is considering moving to a sprawling development on the Rue de Sèvres in Paris.

clock April 26, 2012Miles Socha

Fashion Scoops

David Bassuk Exiting Juicy Couture

He is returning to AlixPartners where he will remain involved with Liz Claiborne Inc. as the group transitions to its new name of Fifth and Pacific Cos.

clock April 26, 2012WWD Staff

Fashion Scoops

Guess Inc. Commemorating 30th Anniversary With New Book

The new coffee table book, titled “A Third Decade of Guess Images,” will retail for $80.

clock April 26, 2012Marcy Medina

Nicole Richie

Fashion Scoops

H&M Fetes Midseason of ‘Fashion Star’

Two of the three judges, John Varvatos and Nicole Richie, were in attendance at the event at the retailer’s Fifth Avenue store.

clock April 26, 2012Marc Karimzadeh

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